Business · Companies · 4 hrs ago
Ferrovial wins 50-year Georgia I-285 express-lane concession
A consortium led by Spain's Ferrovial won the Georgia I-285 project in the United States.
The Georgia Department of Transportation awarded it the concession to design, finance, build and operate express toll lanes.
The concession is valued at about €29 billion, including a construction budget of €7.59 billion.
Drivers will pay tolls that change over time to use the express lanes, and the concession is set to last 50 years.
About 200,000 vehicles use the road each day, and the project is intended to improve traffic flow and road safety.
The consortium includes the investment firm Tikehau.
Separately, ACS and Acciona are challenging Ferrovial's selection for a different express-lane project on I-24 in Nashville, saying they want clarity on whether that process was fair.
Ferrovial has won the concession to design, finance, build and operate dynamic toll express lanes on Georgia’s I-285 for 50 years.
The project covers a section of the Atlanta-area highway and includes construction spending and concession payments reported at about $33 billion, or €29.5 billion.
Ferrovial’s offer included $8.9 billion for construction, a $515 million payment after financial close and $23.6 billion in concession payments to the state.
The company and its financial partner Tikehau beat rival consortia involving Sacyr, ACS and Acciona.
The award follows Ferrovial-led wins for Tennessee’s I-24 and the Czech D35 project, bringing commitments across the three projects to about €60 billion, according to Expansión.
- Who
- Ferrovial and financial partner Tikehau won the concession.
- What
- They will design, finance, build and operate dynamic toll express lanes on I-285 for 50 years.
- When
- The award was reported on October 15, 2026.
- Where
- I-285 in Georgia, in the Atlanta area of the United States.
- Why
- The Georgia Department of Transportation awarded the concession to the winning consortium; the sources do not state its reason.
Ferrovial-Tikehau consortium
Rival bidding consortia
Award
Ferrovial-Tikehau consortium
Ferrovial and Tikehau won the I-285 concession with their offer.
Rival bidding consortia
Consortia involving Sacyr, Shikun & Binui, ACS, Acciona and Meridiam submitted losing bids.
Offer terms
Ferrovial-Tikehau consortium
Ferrovial committed $23.6 billion in concession payments, as well as construction spending and a payment after financial close.
Rival bidding consortia
The rival consortia offered lower concession payments than Ferrovial, according to Expansión.
Reports said Ferrovial had won the Georgia I-285 concession.
Financial close is expected, after which Ferrovial is to return $515 million.
- Concession term
- 50 years
- Construction commitment
- $8.9 billion
- Concession payments
- $23.6 billion
- Payment after financial close
- $515 million
- Average daily traffic
- About 200,000 vehicles
3 sources
What people are saying
requires operational and geometric improvements to address inefficient traffic flow and road safety problems